Common use of Administrative Services and Expenses Clause in Contracts

Administrative Services and Expenses. Administrative services for the Company’s Separate Accounts (the “Accounts”) which invest in the EquiTrust Variable Insurance Series Fund, Inc. (the “Fund”) pursuant to the Participation Agreement among the Company and the Fund, dated January 4, 1994 (the “Participation Agreement”), and for purchasers of variable annuity and variable life insurance contracts (the “Contracts”) issued through the Accounts, are the responsibility of the Company. Certain administrative services for the Fund in which the Accounts invest, and shareholder services for purchasers of shares of the Fund, are the responsibility of EquiTrust. EquiTrust recognizes the Company as the sole shareholder of record of shares of Portfolios offered by the Fund (the “Portfolios”) purchased under the Participation Agreement on behalf of the Accounts. EquiTrust further recognizes that it will derive a substantial savings in administrative and shareholder servicing expenses by virtue of having the Company as the shareholder of record of shares of the Fund purchased under the Participation Agreement, rather than multiple shareholders having record ownership of such shares. The administrative and shareholder servicing expenses for which EquiTrust will derive such savings are set forth in Schedule A to this letter agreement.

Administrative Services and Expenses. Administrative services for the Company’s Separate Accounts (the “Accounts”) which invest in the EquiTrust Variable Insurance Series Fund, Inc. (the “Fund”) pursuant to the Participation Agreement among the Company and the Fund, dated January 4June 5, 1994 1998 (the “Participation Agreement”), and for purchasers of variable annuity and variable life insurance contracts (the “Contracts”) issued through the Accounts, are the responsibility of the Company. Certain administrative services for the Fund in which the Accounts invest, and shareholder services for purchasers of shares of the Fund, are the responsibility of EquiTrust. EquiTrust recognizes the Company as the sole shareholder of record of shares of Portfolios offered by the Fund (the “Portfolios”) purchased under the Participation Agreement on behalf of the Accounts. EquiTrust further recognizes that it will derive a substantial savings in administrative and shareholder servicing expenses by virtue of having the Company as the shareholder of record of shares of the Fund purchased under the Participation Agreement, rather than multiple shareholders having record ownership of such shares. The administrative and shareholder servicing expenses for which EquiTrust will derive such savings are set forth in Schedule A to this letter agreement.